Anders Opedal taking over as president and CEO of Equinor from 2 November 2020

Equinor Reports Surprise Profit in its Second Quarter 2020 results

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Equinor reports adjusted earnings of USD 0.35 billion and USD 0.65 billion after tax in the second quarter of 2020. IFRS net operating income...

Here are the average Prices of Petrol, Diesel, Kerosene and Cooking Gas for June...

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The average price paid by consumers for premium motor spirit (petrol) decreased by -11.33% year-on-year and month-on-month by -0.61% to N128.88 in June 2020...

Oil Market Tightens, But Second Wave Looms

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The big oil market news of the week was the easing of cuts from OPEC+. The markets largely welcomed the move, especially since it...

LASG, USAID Sign Letter of Cooperation to Develop Electrification Plan

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Lagos State Government and the United States (U.S.) Agency for International Development (USAID) Power Africa Nigeria Power Sector Program (PA-NPSP) have signed a letter...

Oil Returns To $40 After COVID Correction

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OilPrice.com Oil posted a price correction on Thursday on fears of the rising coronavirus numbers in the U.S., something that the IEA warned about in...

BMW Group increases sales of electrified vehicles in first half-year, despite COVID-19

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Total sales affected by the impact of the worldwide pandemic Initial signs of recovery in individual markets at the end of Q2  ...

Oando Attends Presidential Flag Off Ceremony For Construction Of 614km Ajaokuta-Kaduna-Kano Gas Pipeline Project

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Lagos, Nigeria – Following an official press statement and update to the market on April 19, 2018, Oando PLC, is pleased to announce to...

Oil Prices Fall Back Below $40 On New COVID Fears

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The two-month oil rally has stalled, with WTI falling back to $38 per barrel. The resurgence of Covid-19 across the U.S. has halted the...

Implementation of Electricity Tariff Review By Ikeja Electric

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This is to notify our esteemed customers that the implementation of the revised electricity tariff by Ikeja Electric Plc will take effect from July...

Kenya’s first ever floating solar power plant to be constructed

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Kenya’s first-ever floating solar power plant is set to be constructed in the rift valley region. The 69 kW power infrastructure will be commissioned...

Demand for raw materials for electric car batteries set to rise further – Report

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The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes,...

Nigeria’s Upstream Sector Post COVID-19: The need for restructuring

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The upstream oil & gas sector is one of the worst-hit sectors by the COVID-19 outbreak. Clearly, the combination of global lockdown measures (which...